Corvex Capital Further Raises Stake in Williams Companies, Inc. (WMB)

Keith Meister’s Corvex Capital has increased the stake twice in Williams Companies, Inc. (NYSE:WMB) in the last couple of days. In its latest filing, the fund disclosed that it owns 51.21 million shares of Williams Companies, Inc. (NYSE:WMB), which represents 7.49% of the company’s common stock. This position was raised from some 48.81 million shares reported by the fund just a couple of days ago.

In mid-January, Corvex Capital reported that it owns 46.10 million shares of Williams Companies, Inc. (NYSE:WMB).

Keith Meister

Corvex Capital and Eric W. Mandelblatt’s Soroban Capital Partners agreed in December 2013 to discuss and come to a mutual agreement regarding several issues such as nomination of directors to the company’s board, or entering into negotiation with Williams Companies, Inc. (NYSE:WMB), regarding its management, or other corporate matters, among other things.

Williams Companies, Inc. (NYSE:WMB) owns and operates midstream gathering and processing assets, and interstate natural gas pipelines. The company increased its first-quarter 2014 common stock dividend by 5.9% to $0.0225, payable March 31, 2014, to holders of record at the close of business on March 14, according to a statement.

Further, the company said it expects to increase the full-year dividend by 20% in each of 2014 and 2015 – to per-share amounts of $1.75 and $2.11, respectively.

As of September 30, 2013, Corvex owned about 11.16 million shares of The Adt Corp (NYSE:ADT), with a reported value of about $454.01 million. Also, the fund owns about $260.05 million stake in C B S Corp New (NYSE:CBS).

Soroban Capital Partners owns about 16.73 million shares of Williams Companies, Inc. (NYSE:WMB) as of September 30, 2013. Also, Jeffrey Tannenbaum’s Fir Tree owns 7.51 million shares of the company with a value of about $273.31 million by the end of the third quarter of 2013.

Williams Companies, Inc. (NYSE:WMB) announced in early January that it will report its year-end 2013 financial results after the market closes on February 19, 2014.

Disclosure: none

Recommended Reading:

Ra Capital Management Revealed Stake in Dicerna Pharmaceuticals Inc (DRNA) After Deerfield and Brookside

York Capital Managed Decreases Position in Gilat Satellite Networks Ltd (GILT)

Diamond Hill Capital Management Top Picks: United Technologies Corp. (UTX), American International Group Inc. (AIG) & More

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!